Forex Trading For Dummies

Let me guess…..you’re brand new to trading and you’re looking for a “forex trading for dummies” kind of guide to trading?

Let me guess…..you’re brand new to trading and you’re looking for a “forex trading for dummies” kind of guide to trading?

Well…before I begin, I think you should be aware of something. 95% of forex traders end up losing money.  I’m not telling you this because I want to depress you or make you sour on the idea of trading the forex market.

I’m telling you this because I want you to take it seriously.  I can’t tell you how many traders treat trading as if they were gambling in Vegas.  You’ve got traders who will trade just because they’re bored?!?!

You cannot have that kind of “gambling” mindset.  Trading is both an “art” and a “science”.  You’re not at a blackjack table betting it all on black, or at the horse race hoping some longshot makes it in the top 3.

Also, don’t think you are going to be a millionaire in a week, or any of that kind of nonsense.  If that’s what you believe, you’ve read way too many sales pages. There is no holy grail and there is no magic bullet.

Still interested??  If you said “yes” then you are already ahead of a large chunk of the trading public who thinks they should never have a losing trade.  You’re realistic, and that’s part of what it takes to succeed.

Moving on (but staying on the realistic theme)…..

Don’t become a “bells and whistles” trader.  You’ll find out as you progress in this business, that there are tons of gadgets and software that are being sold to traders.  I’m talking about trading robots, magical indicators, “state of the art” platforms, yada, yada, yada……

I’m of the mindset that the more toys you have, the more insecure you are as a trader.  You want to separate yourself from the 95% who are struggling?  Think old-school and don’t look for shortcuts.

Think about what the old-time traders used to do to make money before the tehnological age made us lazier traders??

It’s simple…they didn’t need a bunch of gadgets to know when to buy and sell.  They could simply look at a chart by interpreting it’s price action and know when to buy and sell.

I wish more traders looked for a forex trading system that would teach them that concept, but it seems that we have more and more traders who are interested in some cheap shortcut, than truly understanding the subtle intricacies of the forex market.

There is nothing quite like looking at a simple bar or candlestick chart without any indicators and know which way the market is headed.  It’s an incredible feeling.

You can start today.  Just open up your charting platform, take away any indicators that might be on it, and just start watching the market.  Don’t try to force yourself into seeing something.  It should come naturally.

Pretty soon, you’ll be amazed at all the information that has been right under your nose this whole time.

Learn Forex From Price Action Trading